Overview
The EUR/JPY pair is still under the negative pressure since a negative close below 115.10 level. It is affected by a stochastic approach from the oversold areas. At the same time we notice from the above chart that the price has formed a new support base around 113.35. We are waiting until this level is reached to detect the right trend for the upcoming period. Note that getting a negative close below the mentioned support will open the way to suffer more losses in further trading, which starts at 112.30 and extends to 110.00. The expected trading range for today is between 115.10 and 113.35
